The Latest Breaking News from Total Access Communication

The new company formed by the merger of True Corporation and Total Access Communication (DTAC) debuted on the Stock Exchange of Thailand (SET) yesterday.

Telenor Asia expects gains worth up to US$2.5 billion from synergy over the next three years from the mergers of True Corporation and Total Access Communication (DTAC) in Thailand and Celcom and Digi in Malaysia.

True Corporation and Total Access Communication (DTAC) have vowed to continue pursuing their amalgamation, although two affiliates of the pair scrapped their plans to conduct tender offers to acquire the two telecom operators' shares to create a path for the merger.

Market analysts believe all telecom operators should benefit from a merger of True Corporation and Total Access Communication (DTAC), although the looming lawsuit against the National Broadcasting and Telecommunications Commission's (NBTC) decision to endorse the deal could delay its completion, which is expected in January next year.

Somkiat Tangkitvanich, president of the Thailand Development Research Institute (TDRI), has slammed a decision by the National Broadcasting and Telecommunications Commission (NBTC) regarding the planned merger of True Corporation and Total Access Communication (Dtac).

Despite providing tacit approval for the merger of True Corporation and Total Access Communication (DTAC), the National Broadcasting and Telecommunications Commission (NBTC) has prescribed harsh remedial measures that could mean lower margins for the new firm, according to people associated with the regulator.

Consumer activists and the Move Forward Party will ask the Administrative Court and the National Anti-Corruption Commission (NACC) to object to the planned merger between the telecom operators True Corporation and Total Access Communication (DTAC).

The country’s telecommunications regulator has cleared the way for the country’s second and third largest mobile operators — True Corp and Total Access Communication (DTAC) — to merge, but with conditions.

The merger of True Corporation and Total Access Communication (DTAC) would hamper market competition and make a hike in service fees more likely, according to the latest study by an international independent adviser.